Corporate bond sales in Brazil fell 22.6% to BRL7.35bn ($1.95bn) in January this year, following a rush to the local debt market in December, according to the capital markets association Anbima.
Real estate investment funds surpassed debentures for the first time in January and accounted for 48% of all debt sales with BRL3.52bn, Anbima said.
Corporate debenture deals came to BRL2.5bn in January, down from BRL14.1bn in December and BRL7.63bn in the same month last year, according to Anbima.
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